What is the "going rate" for SW of Big Spring? I have been offered $400 and .20 and am thinking perhaps .25 is being given, not sure about the bonus. Any help much appreciated, I know no one in Howard County and live in NE Texas.
I've heard anywhere from $325 @ 20% all the way up to $15,000 @ 25%. I've read a couple articles about a lot of activity and the development of the "Cline Shale"... said to be a sizable oil play and good liquids. Could be bigger than the Eagle Ford in South Texas. Try a Google search for "Cline Shale" and you'll find many articles. A landman following postings on this site... Charles Emery Tooke III... has been helpful as well.
Thanks so much for the info. I'll investigate.....
Hi,
If you would like to contact Target Energy, who are working in your area at,
I think they will help if you give them a bit more info eg. acreage etc.